Wednesday, June 23, 2010

Corporate Snippets

Reliance Industries plans to invest more than US$3bn over the next four to five years to build capacity for its entry into the fertilizer sector. (ET)

NTPC’s decision to re-tender for the bulk supply of super critical boilers may derail its plans to expedite its 12th plan capacity addition program. (FE)

Bharti Airtel plans to spend US$100mn in the next three years on network expansion in Malawi. (ET)

L&T has been disqualified on technical grounds in NTPC's tender for 11 sets of supercritical boilers (and turbines) and the consequent re-tendering has invigorated other boiler manufacturers. (BL)

Wipro plans to hire more locals for overseas operations. (BL)

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